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QD Vision Corrects Factually Incorrect Statements Made by Nanoco Group, LLC (LON: NANO)QD Vision, the leader in quantum dot technology for QLED displays, responds to manifestly incorrect and misleading statements issued yesterday by Nanoco Group PLC.
In addition to mischaracterizing the relative competitiveness, energy
efficiency, and environment friendliness of the QD Vision dots as
compared to any actual or potential competitor, in its statement, Nanoco
also wrongly claims: This is incorrect. Taken directly from the Parliament's May 21, 2015 press release, the Parliament's request "does not ban cadmium quantum dots, but will trigger a new assessment. There are therefore no market distortions, as the current exemption remains valid until revoked." Exemption 39(b) from the RoHS Directive (Restriction of Hazardous Substances Directive) remains valid and enforceable as per the European Commission's statement, providing a legal basis for the shipping of these displays. Nanoco claims that alternatives to cadmium based quantum dots "are readily available…" This is incorrect. There is no alternative material on the market with the same color gamut and energy efficiency. In addition, there are no monitors on the market baed on indium phosphide.
Nanoco also claimed: This is incorrect. The MEPs called for a reassessment based on the belief that new information was available regarding market alternatives. The European Commission never changed its view that the exemption should be extended. The Commission is now following the MEP's request for a reassessment. As noted, the exemption remains in force and effect.
Quote from QD Vision: About QD Vision, Inc. QD Vision, Inc. is a leader in quantum dot display technology for QLED displays. Quantum (News - Alert) dot technology is a superior next-generation alternative to OLED displays, providing unparalleled color representation at a highly competitive LCD cost structure. Color IQ quantum dot technology from QD Vision provides a unique optical component solution capable of delivering "full-gamut" color to the display industry. Founded in 2004, the company has raised more than $100 million in financing from top-tier venture capital firms and is headquartered in Lexington, Massachusetts. http://www.coloriq.com COLOR IQ, QLED, and QD VISION are trademarks of QD Vision, Inc. The COLOR IQ and QD VISION trademarks are registered in one or more countries.
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